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The credit crunch has not damaged sales of
locally-sourced goods, it has been suggested.
Retail giant Tesco has announced that it is on course to
generate ?500 million in sales of local produce this
year, despite a downturn in consumer spending, the Times
reports.
Its drive to stock more locally-produced goods means the
retailer now sells 3,000 lines in stores around the
country.
According to the commercial director for Tesco Local,
Willie Hamilton, sales are bucking the economic trend
and the firm is aiming to hit a sales target of ?1
billion by 2011.
"Some 84 per cent of our customers are saying that they
would like to buy local lines. It's a fantastic
opportunity and that's why we're investing so much," he
told the paper.
Meanwhile, the credit crunch has had other effects on
people's consumption habits.
Seafood industry body Seafish recently claimed that fish
and chip shops are proving popular with consumers as
they weather the economic doom and gloom.
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